Interior Iowa Elevator Grain Prices

NW_GR110

Tues. May 8, 2012 IA Dept. of Ag-USDA Market News 

Interior Iowa Daily Grain Prices
       
Closing cash grain bids offered to producers as of 2:30 p.m.
Dollars per bushel, delivered to Interior Iowa Country Elevators.


US 2 Yellow Corn Prices were mostly 3 cents higher for a state average of 6.32.
       
US 1 Yellow Soybean Prices were mostly 28 cents lower for a state average of 13.88.

       Iowa Regions         #2 Yellow Corn        #1 Yellow Soybeans
                           Range        Avg        Range            Avg
       Northwest        6.21 – 6.34    6.29    13.83 – 13.89      13.85
       North Central    6.23 – 6.43    6.30    13.73 – 13.88      13.82
       Northeast        6.20 – 6.49    6.36    13.80 – 14.11      13.91
       Southwest        6.19 – 6.39    6.27    13.83 – 14.05      13.92
       South Central    6.20 – 6.38    6.29    13.80 – 14.03      13.85
       Southeast        6.37 – 6.51    6.45    13.86 – 14.16      14.05


Corn basis to STATE AVERAGE PRICE for the CBOT Jul contract is +.09
Soybean basis to STATE AVERAGE PRICE for the CBOT Jul contract is -.50

This report was prepared by the Marketing Bureau, Iowa Department of 
Agriculture and Land Stewardship. An audio version is available at
800-383-3755.
       
Source:  USDA Market News Des Moines, Iowa
515-284-4460   www.ams.usda.gov/LSmarketnews
 
       
Iowa Dept. of Agriculture 
515-281-8604                  
www.iowaagriculture.gov/dailygrain.html       
       
16:19 ja

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